Discussion:
Review the Arthur Anderson: Questionable Accounting Practices case.
You are to write afour to six (4-6) page paper that response the following questions:
1. Review the mandated requirements for legal compliance and determine which requirements apply to the Arthur Anderson case. Explain your rationale.
2. Discuss how the issues with the Arthur Anderson case may have played out differently if the Sarbanes-Oxley Act had been enacted in 1999.
3. Determine and discuss which elements of the framework for ethical decision making in business played the biggest role in the Anderson case. Explain your reasoning.
4. Discuss how the situations at Arthur Anderson may have played out differently if their senior management had displayed the habits of strong ethical leaders. Provide specific examples to support your response.
5. Include at least three (3) references,
Response below with the help of above case:
1. Describe the legal and ethical issues surrounding Andersen's auditing of companies accused of accounting improprieties.
2. What evidence is there that Andersen's corporate culture contributed to its downfall?
3. How can the provisions of the Sarbanes-Oxley Act help minimize the likelihood of auditors failing to identify accounting irregularities?